Insurance for Nonprofit Organizations
Nonprofit organizations provide essential social services that benefit communities and their members. These organizations cannot survive without a solid volunteer Board of Directors assigned to elect officers, adopt policies and make major financial decisions for the organization. Although the members of the board are volunteers, there is a certain amount of risk involved in holding one of these positions. Specifically, even when acting in good faith, board members are subject to personal liability, which may affect their personal financial status because of their business decisions. Keep reading to find out more about nonprofit organization insurance.
Therefore, it is imperative that your organization and Board of Directors understand the risks involved as volunteers, their responsibilities as board members and the ways in which they can protect themselves from personal liability. Contact GDI Insurance Agency Inc. today at 209-634-2929 for your California Nonprofit Insurance quote!
Risks and Responsibilities
To combat the chance of affecting the personal liability of board members, nonprofit organizations should assess the risks involved with holding these positions. Your organization should first develop a volunteer risk management committee to identify all risks and pose solutions to minimize potential harm. In addition, you need to ensure that the board members understand their governance responsibilities.
Are you properly screening all of your employees and volunteers?
Though screening volunteers can be a headache, we have the tools to help you do so with ease. This will help ensure volunteers are the right fit for your organization.
We can also help you manage those volunteers with minimal effort with our volunteer safety manual and other educational pieces.
Do you employ temporary workers or teens?
We have the tools to keep you up on all labor laws and youth employment regulations.
Does your insurance agent keep you in the loop with the many nonprofit laws and regulations?
GDI Insurance Agency, Inc. can assist you in understanding the various laws that apply to nonprofit organizations, so you avoid penalties.
California’s leader in Insurance and Risk Management
As one of the fastest growing agencies in California, GDI Insurance Agency, Inc. is able to provide its clients with the latest and greatest of what the insurance industry has to offer and much, much more. With locations across the heart of California’s Central Valley and beyond to provide a local feel to the solutions and services we provide our clients. We pride ourselves on exceeding our client’s expectations in every interaction to make sure that our client’s know how much we value and appreciate their business. Contact us today 1-209-634-2929 for your comprehensive nonprofit insurance quote!